The country's fifth biggest IT services firm reported a 93 per cent jump in December quarter net profit at ₹983 crore

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Tech Mahindra Q3 net profit jumps to 93% due to low base, profit margins grow

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Tech Mahindra's Financial Leap: Strong Profits Amid Cross-Currency Challenges Tech Mahindra, ranked as India's fifth-largest IT services company, has announced a significant increase in profits for the December quarter. The firm reported a 93 percent surge in net profit, amounting to Rs 983 crore, significantly higher compared to the same period last year, which saw a figure of Rs 510 crore.The company's revenue from operations grew modestly by …

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Tech Mahindra's Financial Leap: Strong Profits Amid Cross-Currency Challenges

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Tech Mahindra reports 92.6% YoY growth in PAT to Rs. 983cr

Jan 17, 2025 11:02 PM IST The country’s fifth biggest IT services firm reported a 93 per cent jump in December quarter net profit at ₹983 crore 
The country’s fifth biggest IT services firm Tech Mahindra on Friday reported a 93 per cent jump in December quarter net profit at ₹983 crore, helped by a low-base in the year-ago period. Tech Mahindra saw a rise in Q3 profits(REUTERS) The Mahindra group company’s performance was impacted in the year-ag…

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Tech Mahindra Q3 net profit jumps to 93% due to low base, profit margins grow – Latest For Me

Chennai (Tamil Nadu) [India]: Tech Mahindra, a leading global provider of technology consulting and digital solutions, reported a significant 92.6% rise in consolidated net profit for the October-December 2024 quarter, reaching ₹983 crore. This is a sharp increase compared to ₹510 crore recorded in the same period last fiscal. The company released its audited consolidated financial results for the quarter ending December 31, 2024, highlighting a…

8pmnews.com

Tech Mahindra Reports 92.6% Surge In Q3 Net Profit; Launches GenAI Solutions

Tech Mahindra reported a 92.6% year-on-year (YoY) increase in net profit for the third quarter ended December 31, 2024, reaching $115 million, with a total revenue of revenue for the quarter rising to $1.56 billion. The growth came despite the IT sector’s seasonal challenges, including holidays and furloughs, which typically impact performance. Tech Mahindra secured new deal wins with a total contract value (TCV) of $745 million during the third…

Tech Mahindra Q3 net profit jumps to 93% due to low base, profit margins grow

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